Anglo American (LON:AAL) Sets New 12-Month High – Still a Buy?

Shares of Anglo American plc (LON:AAL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,073 and last traded at GBX 3,072, with a volume of 29779660 shares changing hands. The stock had previously closed at GBX 3,012.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AAL. Panmure Gordon reissued a “hold” rating and set a GBX 2,500 price target on shares of Anglo American in a research report on Sunday, December 14th. JPMorgan Chase & Co. lifted their target price on Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Berenberg Bank increased their price target on Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,603.33.

Anglo American Stock Performance

The company has a market cap of £32.90 billion, a P/E ratio of -7.90, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The stock has a 50 day moving average price of GBX 2,861.10 and a two-hundred day moving average price of GBX 2,531.97. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Transactions at Anglo American

In other Anglo American news, insider Magali Anderson purchased 273 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of GBX 2,882 per share, for a total transaction of £7,867.86. Also, insider Stuart J. Chambers purchased 609 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of GBX 2,882 per share, for a total transaction of £17,551.38. Insiders have bought 2,025 shares of company stock worth $5,796,911 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Anglo American Company Profile

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.